Payroll Outsourcing Solution

Payroll outsourcing involves a third party (which is an outsourcing company) in the calculations of salaries and deductions. The outsourcing organization is responsible for all the activities of the payroll accounting. It saves time and cost for the organization. If there is more then 100 employees in the organization, payroll outsourcing would be cost efficient.

The data is provided to the consultants/outsourcing firms. The various payroll functions undertaken by the outsourcing organizations are as follows:

• Analysis of Payroll records, payroll taxes
  
  
• Medical claim processing
  
  
• Employee Insurance & Provident fund processing
  
  
• Quality Audit procedures & planning